Rally Energy Corp. is pleased to announce that the Dewan-5 development well spudded on March 11, 2007 in the Salsabil development lease using a new Chinese rig ZP900. Total target depth is 3,200 meters, a depth sufficient to penetrate the productive Lower Goru sands and continue to the prospective Sembar and Chiltan formations. It is estimated that the well will take 65 days to reach total target depth and up to an
additional 30 days of evaluation and testing which may include stimulation.
Dewan-5 is the third well in the Salsabil field located on the Safed Koh concession in Pakistan where the Corporation's working interest is 30%. The Dewan-5 location is an offset to the Dewan-2 gas well, which production tested at rates of 10 MMCF/D, restricted by the size of tubing. The new Dewan-5 location is designed to allow maximum tubing size in the producing horizon Lower Goru Formation and in the prospective Sembar sandstones.
We are also pleased to confirm that the operator has advised that we are on schedule for commencement of commercial gas production later on this month at an expected rate of 15 to 20 MMCF/D (net 4.5 to 6.0 MMCF/D) from two wells Dewan-1 and 2 increasing to 60 MMCF/D (net 18 MMCF/D) by July 2007 following the drilling and tie-in of the Dewan-5 development location.
complete press release click here
Your Ads At Here
